Same security in taxable and tax free accounts.

Question

My wife and I have the same money market fund in two separate accounts.  Mine is a tax free account while hers is taxable.  In the security list it is either taxable or tax free.  I have it marked as Tax Free.  Any reports show all tax free income.  I would like to be able to differentiate taxable vs tax free in each account.

q_lurker · Answer

The “Tax free” security checkbox causes the dividend and interest transactions for that security to be reported as tax-free transactions (_DivIncTaxfree and _IntIncTaxfree categories) in Tax Reports.

Jim_Harman · Answer

The "Tax deferred" account checkbox causes the account to be excluded by default from the tax reports.

The "Tax free" security checkbox causes the security to be excluded by default from the Tax reports.

I think the tax free status of Roth accounts is also taken into account by the Lifetime Planner.

Ps56k2 · Answer

As mentioned above...Security ---> can be checkmarked as "tax free" - like a Muni mutual fundAccount --> can be checkmarked as "tax deferred" - like an IRA
not sure of the implications of the only checkbox "tax deferred" on a Roth IRA -